Respuesta :
The short run in macroeconomic analysis is a period in which wages and some other prices do not respond to changes in economic conditions. In certain markets, as economic conditions change, prices (including wages) may not adjust quickly enough to maintain equilibrium in these markets.
The Short Run
Analysis of the macro economy in the short run—a period in which stickiness of wages and prices may prevent the economy from operating at potential output—helps explain how deviations of real GDP from potential output can and do occur.
Do wages change in the short run?
In the short run, both output and employment are variable. In full short-run macroeconomic equilibrium, with a given fixed level of investment, real wages are constant, and firms have no incentive to change either output or employment.
What is the short run in macroeconomics?
The short run in macroeconomic analysis is a period in which wages and some other prices do not respond to changes in economic conditions. In certain markets, as economic conditions change, prices (including wages) may not adjust quickly enough to maintain equilibrium in these markets.
What is the price level in macroeconomics?
The general price level is a hypothetical measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.
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